Spotify Technology S.A. - ADR Key Ratios
$528.09
As on 27-Aug-2026 13:45EDT
Market cap
$109,724 Mln
Revenue (TTM)
$18,796 Mln
P/E Ratio
29
P/B Ratio
11.3
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 20.46 | 30.23 | 13.14 | 14.81 | 16.87 |
| EBIT | -11.85 | 1,385.99 | 178.44 | 85.82 | 131.84 |
| Net Profit | -13.60 | 824.39 | 323.94 | 77.03 | 76.90 |
| EPS | -13.42 | 812.49 | 319.26 | 73.89 | 73.55 |
| Book Value | -- | -- | 48.22 | 47.06 | 21.54 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 6.13 | 3.71 | 19.36 | 13.12 | 8.79 |
| Net Margin
| -- | -- | 18.18 | -- | -- |
| Return on equity
| 12.85 | 3.61 | 38.16 | 31.94 | 28.25 |
| Return on Capital
| 10.28 | 4.30 | -- | 24.34 | 19.35 |
| Return on Assets
| 6.96 | 2.91 | 16.30 | 16.38 | 11.17 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.28 | 0.36 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
--
|
24.34
|
19.35
|
-12.84
|
-8.74
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
38.16
--
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
38.16
|
31.94
|
28.25
|
-21.65
|
-19.11
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROA
16.30
--
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
16.30
|
16.38
|
11.17
|
-6.67
|
-5.83
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EBIT Margin
19.36
--
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
19.36
|
13.12
|
8.79
|
-3.53
|
-2.81
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Net Margin
18.18
--
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
18.18
|
12.87
|
7.26
|
-4.02
|
-3.67
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
13.14
--
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
13.14
|
0.10
|
0.18
|
0.13
|
0.21
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EBIT Growth
178.44
--
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
178.44
|
63.76
|
394.86
|
-41.95
|
-213.84
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Net Profit Growth
323.94
--
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
323.94
|
94.38
|
313.91
|
-23.72
|
-1,164.71
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EPS Growth
319.26
--
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
319.26
|
0.91
|
3.01
|
-0.22
|
-11.57
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Book Value Growth
41.97
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
41.97
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
--
|
0.28
|
0.36
|
0.67
|
0.70
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.01
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
0.01
|
0.18
|
--
|
1.09
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.11
--
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
2.11
|
1.72
|
1.88
|
1.29
|
1.24
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Quick Ratio
2.11
--
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
2.11
|
--
|
--
|
1.35
|
1.20
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Interest Coverage
116.85
--
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
116.85
|
72.74
|
38.25
|
-12.29
|
-8.02
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
5.30
--
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
5.30
|
5.34
|
5.10
|
6.65
|
5.88
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Asset Turnover
0.90
--
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
0.90
|
1.27
|
1.54
|
1.66
|
1.59
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
--
|
18.24
|
19.58
|
21.65
|
20.48
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
--
|
--
|
-9.21
|
-2.89
|
4.98
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
--
|
33.22
|
26.65
|
23.13
|
28.56
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
--
|
--
|
-16.27
|
-4.37
|
-3.09
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|